One man’s fiscal problem is another man’s lifeline. Trigger happy bureaucrats and economists may love shooting down subsidies because it bloats the fiscal deficit and burdens the government but the simple fact is that in a one billion strong nation, in which nearly one in every three live below the poverty line, one needs an effective and efficient method through which privileged tax payers can support the poor. Last week, finance...

India will be one of the youngest nations by 2020 and this changing demographic condition, while providing great opportunities, could pose some challenges too, the Economic Survey 2011-12 has said. India is passing through a phase of unprecedented demographic changes, wherein the proportion of the working age population (15-59 years) is likely to rise from around 58 per cent in 2001 to over 64 per cent by 2021, according to the...

India's top business and technology schools are struggling to keep pace with the growing gender diversity aspirations of big employers in India Inc.  Women students at IITs have almost doubled to 11% in five years and their numbers at two B-schools - ISB-Hyderabad (29%) and IIM-Kozhikode (36%) - are inching closer to Harvard Business School (39%). Yet, recruiters complain there still aren't enough women graduates to untangle the diversity labyrinth at...

The irrationality and waste in energy subsidies in India has been a perennial theme in analysis of the Indian economy and in reform prescriptions. Progress has, however, turned out to be elusive in the face of ground realities and feasible politics.  The power ministry, after struggling for over a decade through repeated exhortations, had the satisfaction of getting a resolution in a Chief Ministers Conference in 2001 that free supply of...

Says milk adulterated but not unsafe for consumption Six states and a union territory feed their people milk that does not meet the standards set by India’s food regulatory body at all. Jharkhand, Bihar, West Bengal, Odisha, Chhattisgarh, Mizoram and Daman & Diu are the “100 per cent non-conforming” states. In Delhi, 70 per cent of the samples failed the Food Safety and Standards Authority of India (FSSAI) test. Yet, the...